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PALO ALTO, California – Trading house Itochu and investment company SoftBank are investing in Blue Laser Fusion (BLF), a nuclear fusion startup in the U.S. developing technology for stable electricity generation using proprietary laser technology.
BANGKOK/YANGON -- Myanmar's City Mart Holdings has embarked on an ambitious expansion of its convenience store business, taking advantage of the opportunity afforded by the vacuum left after stagnant investments by foreign multinationals.
A vessel impaired in a mid-February Houthi attack offshore Yemen remains abandoned at sea awaiting towing to safe harbor amid growing concerns of an oil spill.
Investors looking to enhance their portfolio returns can opt for a combination of growth and dividend stocks.
Amazon founder and executive chairman Jeff Bezos unloaded more than 14 million shares of his company valued at roughly $2.4 billion, bringing the total sold since the start of the month to 50 million.
Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world's largest auto market, China, 24% of new car sales were EVs in 2023, according to the China Passenger Car Association."Our goal is that all new cars by 2025 will be zero-emission vehicles," said Ragnhild Syrstad, the state secretary of the Norwegian Ministry of Climate and Environment, "We think we're going to reach that goal."The Norwegian government started incentivizing the purchase of EVs back in the 1990s with free parking, the use of bus lanes, no tolls and most importantly, no taxes on zero-emission vehicles. But it wasn't until Tesla and other EV models became available about 10 years ago that sales started to take off, Syrstad said. Norway's capital, Oslo, is also electrifying its ferries, buses, semi trucks and even construction equipment. Gas pumps and parking meters are being replaced by chargers. It's an electric utopia of the future. Norway's grid has been able to handle the influx of EVs so far because of its abundance of hydropower."Electric cars are maybe a third of the price of gasoline because we have close to 100% hydropower. It's cheap. It's available and renewable. So that's a big advantage," said Petter Haugneland, the assistant secretary general of the Norwegian EV Association.
Amazon founder Jeff Bezos sold roughly $2.03 billion of shares in his company over the past few days, according to a regulatory filing, bringing his total sales this month to over $6 billion.
Roses are red, violets are blue, gemstones are hot and prices are too.